Special Purpose Acquisition Companies (SPACs) and the New Mexican Stock Exchange

In an article for Financier Worldwide's September 2018 Issue, Partner Alejandro Landa and Associates Santiago Soldevilla and Emilio Cuevas provide background on, and explain the benefits of investing in, Special Purpose Acquisition Companies (SPACs). This new vehicle in the Mexican stock markets, usually incorporated as a Sociedad Anónima Bursátil de Capital Variable (S.A.B. de C.V.), allows promoters to obtain resources through an initial public offering (IPO) in order to collect funds to purchase or merge with one or several companies.